Club Store Packaging Market to gain momentum from the F&B sector | key players are Accurate Box Company, Transparent Container, Versatile Packagers
This report provides an exhaustive account of the industry including:
o Club store packaging market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026
o Major club store packaging industry trends, technology evolution, economic indicators and business challenges
o Regulatory and geopolitical trends impacting the industry
o Business drivers and pitfalls impacting key regional markets
o Competitive landscape of the industry and detailed profiles on the major companies
The growing trend of purchasing products in large quantities from warehouse stores is expected to drive club store packaging market growth over 2026. Warehouse club stores have recorded increase in number of customers in recent years. These stores are different from standard retail chains, and require adequate product packaging to ensure enhanced item presentation and sales.
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Warehouse clubs sell a wide variety of merchandise, however, require customers to purchase in bulk quantities. Affordable pricing and discounts on products have attracted customers towards these stores. A report claims that prices at membership clubs tend to be 29%-33% lower than large supermarket chains. Use of custom packaging options allows these stores to offer discounted prices, as less excess packaging material leads to reduced wastage and handling costs.
Increase in customer base and rapid growth in business will encourage warehouse store firms to open new facilities, stimulating the demand for club store packaging. In 2019, BJ's Wholesale Club revealed plans to venture beyond its Northeast home base by opening two new stores in early 2020, in Pensacola, Florida and Chesterfield, Michigan.
In 2020, American multinational corporation Costco that operates a chain of membership-only warehouse clubs revealed that its net sales for the quarter increased 10.5%, to US$38.26 billion from US$34.63 billion last year.
Based on packaging type, the cans packaging segment is expected to gain commendable traction over the study timeframe. Increasing emphasis on curbing the use of plastic in packaged beverage products has stimulated the demand for can packaging material. Metal packaging can be recycled multiple times without loss of performance or integrity.
With increasing purchase of canned food and beverage products from warehouse stores, companies developing such packaging solutions may record considerable revenue growth. In 2020, Novelis Inc., one of the world's largest beverage can makers that serves brands like Coca-Cola, AB InBev, Crown, and Ardagh Group, surpassed earnings expectations for the March quarter as well as indicated demands to remain steady through the year.
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Meanwhile, American food manufacturer Campbell Soup Company recently announced that it plans to adopt recyclable product packaging or industrially compostable designs by 2030 to increase sustainability. Initiatives like this will accelerate the growth trajectory of club store packaging market.
In terms of regional share, Asia Pacific club store packaging market is anticipated to accrue noteworthy strides given to the presence of a large consumer base and robust growth in the food and beverage sector. Rapid urbanization and hectic work lifestyle has edged consumers towards purchasing essential products like packed food products in bulk. Introduction of international warehouse store brands in the region will propel the demand for club store packaging over the coming years.
Some of the companies mentioned in the report include Assemblies Unlimited, Creative Displays Now, Accurate Box Company, Transparent Container, Square Peg Packaging and Printing, Versatile Packagers, PaperWorks Industries, MSL Packaging & Fulfillment, ProCorr Display & Packaging and Dieline.
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